India-Russia ties: Defense, nuclear deals to be inked
The first bilateral visit to Russia by Prime Minister Narendra Modi on Wednesday seem to have kicked-off on the right foot. The two countries is all...
The first bilateral visit to Russia by Prime Minister Narendra Modi on Wednesday seem to have kicked-off on the right foot. The two countries is all set to ink multiple deals in the major sectors such as defense, nuclear energy, and hydrocarbons. These deals, the both nations hope, will help in triggering a strong and innate partnership for all the future atones.
The red-carpet welcome for PM in Moscow was accorded with a guard of honor at the Vnukova-II airport. On Thursday, at the 16th India -Russia annual summit talks between Modi and Russian President Vladimir Putin, two countries have plans to step up the economic engagement and expand the ties in strategic areas. Officials said that the two leaders will also discuss about various global issues such as the situation in Syria and means to combat terrorism now at large. It is expected that a number of major pacts including to ramp up cooperation in defense and nuclear energy sectors will be finalized
Earlier this week, the India's Defense Ministry's top acquisition council have cleared the purchase of Russian S-400 Truimf air defense missile systems at an estimated cost of Rs 40000 crore. The two nations are expected to finalize on the deal. PM Narendra Modi had also offered Russia a site in Andra Pradesh to set up units of five and six of Kudankulam nuclear power plant. This will be in sync with the broad principles of "Make in India" initiative. This deal is expected to be finalized on Thursday.
Before his departure for Moscow, Prime Minister Modi said Russia remained one of India’s "most valued" friends in the world and that he was "very optimistic" about outcomes of the talks with Putin. "Our relation with Russia is unique, covering almost every field of human endeavor," Mr. Modi said. The talks between the two countries, were bound by "special and privileged strategic ties,". This have been taking place alternately in Moscow and New Delhi since 2000.